Brief: Yeo Hiap Seng Says Yeo's To Retrench 32 Staff In Singapore
05/04/2022 12:00
April 5 (Reuters) - Yeo Hiap Seng:
* YEO'S TO RETRENCH 32 STAFF IN SINGAPORE
* EXPECTS TO INCUR A ONE-OFF RESTRUCTURING CHARGE, QUANTUM
OF
WHICH WILL BE FINALISED LATER
* AFFECTED STAFF REPRESENTS LESS THAN TWO PERCENT OF ITS
TOTAL
WORKFORCE OF 1,900
* RETRENCHMENT EXERCISE IN SINGAPORE WILL REDUCE GROUP'S
ON-GOING
OPERATING COSTS
* AFFECTED STAFF REPRESENTS LESS THAN TWO PERCENT OF TOTAL
WORKFORCE
Source text for Eikon: ID:nSN9js3k
Further company coverage: YHSS.SI
((Reuters.Briefs@thomsonreuters.com;))
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